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A view of Samsung Electronics’ newest smartphone Galaxy S20. (Photo: Samsung Electronics)Samsung Electronics poured 5.36 trillion won into R&D initiatives for the first quarter of this year, the biggest-ever R&D outlay on a quarterly basis. The large investments come despite the global COVI…
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Hyundai Motor saw sales and operating profit rise by a small margin in the first quarter of the year, beating expectations. But the automaker saw real operating profit, except transient revenues, decline 8 percent over the same period a year ago. Hyundai Motor has entered a “contingency plan mode”…
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A view of “Lotte On,” Lotte’s integrated on-line shopping platform.President Cho Young-jae of Lotte Shopping’s e-Commerce Business Division announces strateges on the new e-Commerce brand Lotte On at the Lotte World Tower in Seoul on April 27. (Photos: Lotte)Lotte, one of the nation’s largest r…
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Bibigo Mandu (Dumpling) products released by CJ Cheiljedang.(from left) Bibigo home meal replacement products for roasted mackerel, grilled halibut, and roasted Spanish mackerel, released by CJ Cheiljedang. (Photos: CJ Cheiljedang)CJ Cheiljedang President Kang Shin-ho made good on his promise with h…
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A view of food products released by Ottogi. (Photo: Ottogi)Ottogi made its first step in the Korean food market many years ago by releasing a powered instant curry product in Korea. Ottogi released the nation’s firsts in areas such as soup, ketchup and mayonnaise. The food maker says it has been co…
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Three kinds of “Fishery Easy Cook KIT” foods, released by Dongwon F&B. (Photos: Dongwon F&B)Dongwon F&B, boasting fishery expertise it has accumulated over the years, has released three kinds of “Fishery Easy Cook KIT” foods using whelk, common Asian clam, and snails as the main ingr…
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An array of food products released by Orion. (Photo: Orion)Orion posted 539.8 billion won in sales and 97 billion won in operating profit in the first quarter of this year on a consolidated basis. The figures represent an 8.5 percent rise in sales and a 25.5 percent jump in operating profit compared…
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LG Chem Vice Chairman Shin Hak-cheol speaks at a ceremony to proclaim a new vision that reestablishes its identity based on not only ‘chemicals’ but ‘science’ to take a new leap. (Photo: LG Chem)LG Chem proclaimed the New Vision that reestablishes its identity based on not only ‘chemicals’ but…
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LG Chem logged a 1st quarter business performance that exceeded market expectations. LG Chem said on April 28 the company posted 7.115.7 trillion won in sales and 236.5 billion won in operating profit in Q1. A recent market consensus predicted that LG Chem would chalk up 142.4 billion won in operati…
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President Yi Eun-baek of Samchully America. The Samchully Group announced the promotion of Yi Eun-baek, vice president of Samchully America to president. Yi Eun-baek is the eldest son of Samchully founder and former chairman Yi Jang-kyun. Industry analysts say that Yi was promoted to president to ex…
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Prime Minister Kim Min-seok, MSIT Vice Minister Koo Hyuk-chae, Chairman Kwon Oh-nam of the Korean Federation of Science and Technology Societies (KOFST), and ICT Chmn. Noh Joon-hyung as well as prize winners attend a ceremony to celebrate the 2026 an…
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Chmn. Moon Dong-min of Korean Standards Association, Senior Executive Vice Presdient Moon Jong-seung of Samsung Electronics’ Digital Appliances (DA) Division, and CEO Per Ove Øyberg of Nemko Group attend a ceremony in which Samsung Electronics’ Ho…
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President Kwon Seok-yoon of the Korea Research Institute of Bioscience and Biotechnology (KRIBB) poses with related KRIBB researchers during a briefing session on the launch of “mission-oriented visionary projects” (MVPs) at KRIBB head office in Yu…
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People Power Party (PPP) candidate Lee Cheol-woo, seeking reelection for his 3rd term as Gyeongsangbuk-do governor, exchanges greetings at the 2026 Gyeongsangbuk-do Children’s Festival, at the Gyeongbuk Millennium Forest Garden on May 5. (Photo: PPP…
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